Get App
Dalal Street ended higher on Monday, as the bullish momentum continued. Sensex was up 102.93 points or 0.15 percent at 69,928.53, and the Nifty was up 27.70 points or 0.13 percent at 20,997.10.
In broader markets, The BSE midcap index and the smallcap index ended marginally higher.
The Indian down up by 1 paise to 83.42 against the US dollar on Monday.
Stock in News Today
Tata Power: Shares surged 2 percent after its subsidiary Tata Power EV Charging Solutions signed an agreement to roll out more than 500 fast and ultra-fast electric vehicle (EV) charging points across India.
Coforge: The stock gained 1 percent after global brokerage firm Jefferies raised its TP from Rs 6,250 to Rs 6,580 apiece, and maintained its ‘buy’ call on Coforge as the company optimises costs to improve margins by 150-300 bps over next 3-4 years.
IREDA: Shares rallied 20 percent and got locked in the upper circuit after state owned firm floated a retail division for providing loans under PM-KUSUM scheme, Rooftop Solar, and other Business-to-Consumer (B2C) sectors.
Mazagon Dock: Stock went up 2 percent after the company bagged a Rs 1,145-crore order from state-run natural gas major ONGC. The contract is for the Part Replacement of Pipeline Project (PRPP), which calls for the installation of approximately 44.4 km of subsea pipelines divided into 19 segments, the state-run shipbuilder said in a regulatory filing.
Dr Reddy’s Laboratories: Shares of the pharma giant plunged 5 percent after the US Food and Drug Administration’s some of observations about the company’s unit in Telangana have been seen found to be “severe”.
Subros: Share price gained 10.69 percent after the company bagged a new order from Indian Railways to supply and commission of coach roof-mounted air-conditioners amounting to Rs 25 crore.
Spicejet: Shares gained 10.24 percent after the airline announced plans to list its shares on the National Stock Exchange (NSE). The airline did not mention any date of listing in its exchange filing but said it would occur “soon”.
Torrent Power: Shares went down 2 percent after an amendment agreement to the share subscription and shareholders’ agreement (SSSA) was signed among Torrent Power, it’s subsidiary Torrent Saurya Urja 3 (TSU3PL), and Automotive Axles.
GMR Airports Infrastructure: Stock went up 5 percent after GQG Partners acquired Rs 1,671.5 crore worth shares. GQG Partners Emerging Markets Equity Fund, and Goldman Sachs Trust II via Goldman Sachs GQG Partners International Opportunities Fund bought 28.29 crore equity shares or a 4.7 percent stake in GMR Airports Infrastructure via open market transactions.